Insider Selling: Giga-Tronics Director Sells 10,000 Shares of Stock (GIGA)
Giga-Tronics (NASDAQ:GIGA) Director James A. Cole sold 10,000 shares of Giga-Tronics stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $2.10, for a total transaction of $21,000.00. Following the transaction, the director now directly owns 138,594 shares of the company’s stock, valued at approximately $291,047. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Giga-Tronics (NASDAQ:GIGA) opened at 2.01 on Tuesday. Giga-Tronics has a 52 week low of $0.90 and a 52 week high of $4.78. The stock’s 50-day moving average is $2.14 and its 200-day moving average is $1.70. The company’s market cap is $10.3 million.
Giga-Tronics (NASDAQ:GIGA) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $4.50 million for the quarter, compared to the consensus estimate of $3.00 million.
Giga-tronics Incorporated (NASDAQ:GIGA) includes the operations of the Giga-tronics Division and Microsource Inc (Microsource), a wholly owned subsidiary.